APA Corporation Provides Fourth-Quarter 2024 Supplemental Information and Schedules Results Conference Call for February 27 at 10 a.m. Central Time

Core Insights - APA Corporation provided supplemental information regarding its fourth-quarter 2024 financial and operational results, indicating that actual results may vary based on factors not identified in the release [1] Financial Performance - Estimated average realized prices for fourth-quarter 2024 are as follows: - Oil in the United States: $70.25 per barrel - NGL in the United States:$24.50 per barrel - Natural Gas in the United States: $1.00 per Mcf - Oil internationally:$74.75 per barrel - NGL internationally: $50.50 per barrel - Natural Gas internationally:$4.00 per Mcf [2] - The company reported a realized gain on commodity derivatives (before tax) of $1 million, dry hole costs (before tax) of$30 million, and a net gain on oil and gas purchases and sales (before tax) of $140 million [2] - General and administrative expenses for the quarter were estimated at$100 million [2] Production Update - APA curtailed approximately 23.5 MBoe/d in the fourth quarter due to weak or negative Waha hub prices, exceeding the previously issued guidance of 22 MBoe/d [3] Asset Sale Update - In September, APA announced the divestiture of non-core assets in the Permian Basin, which closed on December 31, 2024. The net proceeds from this sale were approximately $774 million after a deposit of$95 million and a purchase price adjustment [4] Shareholder Information - The estimated weighted-average basic common shares for the fourth quarter were 369 million, a slight decrease from 370 million in the third quarter of 2024. The company repurchased 4.6 million shares at an average price of $21.90 per share during the fourth quarter [5] Upcoming Events - APA will host a conference call to discuss its fourth-quarter 2024 results on February 27, 2025, at 10 a.m. Central time, which will be available for replay on the company's website [6]